Press release
Motion Control Market to Reach $20.99 Billion by 2028, Driven by Industry 4.0 and Automation Growth
Motion Control Market Report
The motion control market size is expected to see strong growth in the next few years. It will grow to $20.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, rise in robotics and automation, expansion in industrial iot , demand for precision engineering, energy efficiency focus. Major trends in the forecast period include safety innovations, expansion in electric vehicles, healthcare automation, food processing automation, entertainment and gaming integration.
Market Overview -
Motion control refers to the automation process that deals with moving individual parts of a machine in a controlled manner to ensure that they move precisely and correctly so that the machine or device functions as intended. That encompasses and improves every technology related to controlling the movement of objects commonly used in packaging, production lines, and assembly industries where the accuracy of movement is of vital importance.
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Automation's Impact On Motion Control Market Growth In Manufacturing Facilities
The surging adoption of automation in manufacturing facilities is expected to propel the growth of the motion control market going forward. Automation refers to the use of technology such as robots to automate tasks without manual intervention. Many industries are adopting motion-control robots to achieve maximum automation and efficiency in operations. Integration of motion control robots in manufacturing industries provides the advantage of improving productivity, quality, and safety of workers by reducing errors and waste and adding flexibility to the manufacturing process. For instance, in March 2022, according to the Manufacturing India article, an India-based agency that provides new related information to various industries, including production, automation updates, manufacturing, and automation updates, reported that wide adoption of automation had been seen in Indian manufacturing industries, and it was estimated that by 2050, approximately 85-90% of manufacturing firms in India will have adopted automation in operations. Therefore, the surging adoption of automation in manufacturing facilities is driving the growth of the motion control market.
Competitive Landscape -
Major companies operating in the motion control market report are ABB Ltd., Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, Yaskawa Electric Corporation, Altra Industrial Motion, Parker Hannifin Corporation, Rockwell Automation Inc., Robert Bosch GmbH, Dover Motion, Omron Corporation, Novanta Inc., AMETEK Advanced Motion Solutions, Galil Motion Control, Schneider Electric SE, Emerson Electric Co., STM Microelectronics, Bosch Rexroth AG, Kollmorgen, Moog Inc., Aerotech Inc., Delta Electronics, Advanced Motion Controls, Copley Controls, Elmo Motion Control, Faulhaber Group, Harmonic Drive LLC, KEB America, LinMot USA, Maxon Motor AG
Product Innovations In Motion Control Market
Product innovation is the key trend that is gaining popularity in the motion control market. Major companies operating in the motion control market are focused on developing new technological solutions to strengthen their position in the market. For instance, in May 2021, Performance Motion Devices, Inc., a US-based company operating in high-performance motion control, launched its advanced motion controller known as the ION/CME N-Series digital drive with intelligent motion control amplifiers to meet high-end motion control needs in manufacturing. Intelligent motion control is a high-performance motor control drive that can control multi-phase motors such as AC and DC induction motors for sophisticated control features. The ION/CME N-Series Digital Drive provides a complete control solution with advanced features such as a flexible connection option, 1 KW output capacity, support for quadrature, a communication interface, sin/cost, and BiSS-C encoders, among others.
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Key Segments -
The motion control market covered in this report is segmented -
1) By Type: Computerized Numeric Control, General Motion Control, Servo drives, Position control hardware
2) By Component: Actuators and Mechanical Systems, Motion Controllers, Electric Drives, Ac Motors, Sensors and Feedback Devices
3) By Application: Metal Cutting, Metal Forming, Material Handling Equipment, Robotics, Semiconductor Machinery, Rubber and Plastics, Machinery, Other Applications
4) By Industry: Aerospace and Defense, Automotive, Semiconductor and Electronics, Metals and Machinery Manufacturing, Food and Beverages, Medical, Printing and Paper, Pharmaceuticals and Cosmetics, Other Industry
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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